Answer the following statement(s) true (T) or false (F)
The Federal Trade Commission does not provide information on franchise success.
ANSWER: False
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Which one of the following best defines an internal event in terms of accounting?
a. Every type of transaction is an internal event. b. An event recognized in a set of financial statements. c. A happening of consequence to an entity. d. An event occurring entirely within an entity.
L'Oreal acquired two U.S. firms that developed and sold hair care products to African-American customers. This permitted it to build a new ethnic hair care division in Europe and Africa. This represents an advantage of international expansion using
A. optimization of the location of value-chain activities. B. performance enhancement. C. learning opportunities. D. arbitrage.
Which of the following resulted when Mervyn's was acquired by a private equity firm?
a. Its profits increased b. Its rent increased c. It was able to expand operation d. It was able to work with its private equity holders
What is parallel implementation?
A. Using both the old and new systems until it is evident that the new system performs correctly. B. Discarding the old system completely and immediately start to use the new system. C. Having only a small group of people use the new system until it is evident that the new system performs correctly and then adding the remaining people to the new system. D. Implementing the new system in phases until it is evident that the new system performs correctly and then implementing the remaining phases of the new system.